Ameresco, Inc. (NYSE:AMRC) Director Francis V. Wisneski, Jr. Purchases 3,500 Shares

Ameresco, Inc. (NYSE:AMRC) Director Francis V. Wisneski, Jr. purchased 3,500 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $9.67 per share, for a total transaction of $33,845.00. Following the acquisition, the director now owns 17,738 shares of the company’s stock, valued at approximately $171,526.46. This represents a 24.58 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ameresco Trading Down 6.6 %

Shares of AMRC stock opened at $9.27 on Friday. The stock has a market capitalization of $486.25 million, a price-to-earnings ratio of 9.27, a PEG ratio of 0.49 and a beta of 1.79. The company’s fifty day simple moving average is $21.26 and its two-hundred day simple moving average is $27.14. Ameresco, Inc. has a 1 year low of $9.04 and a 1 year high of $39.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The company had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. As a group, analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Ameresco

Institutional investors and hedge funds have recently modified their holdings of the company. Harvest Portfolios Group Inc. purchased a new position in Ameresco during the third quarter valued at approximately $471,000. Victory Capital Management Inc. purchased a new position in shares of Ameresco during the 3rd quarter valued at $870,000. Zions Bancorporation N.A. increased its holdings in shares of Ameresco by 18.3% in the third quarter. Zions Bancorporation N.A. now owns 57,145 shares of the utilities provider’s stock worth $2,168,000 after purchasing an additional 8,835 shares during the period. Intech Investment Management LLC bought a new position in shares of Ameresco in the third quarter worth $359,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Ameresco in the third quarter worth $349,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMRC shares. Canaccord Genuity Group cut their target price on Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Robert W. Baird dropped their price objective on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus decreased their target price on shares of Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com raised shares of Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Finally, UBS Group downgraded Ameresco from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $37.00 to $8.00 in a research note on Tuesday. Two analysts have rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

About Ameresco

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.